Predatory money lending reportedly continues to flourish on Chinese campuses despite a national crackdown. Photo: Reuters Predatory money lending reportedly continues to flourish on Chinese campuses despite a national crackdown. Photo: Reuters
Predatory money lending reportedly continues to flourish on Chinese campuses despite a national crackdown. Photo: Reuters
China Society

Loan sharks continue to prey on Chinese university students by going offline to bypass crackdown

A Shanghai-based company was found lending money to students through ads it had posted around university grounds, charging interest of up to 76 per cent

Topic |   China Society
Predatory money lending reportedly continues to flourish on Chinese campuses despite a national crackdown. Photo: Reuters Predatory money lending reportedly continues to flourish on Chinese campuses despite a national crackdown. Photo: Reuters
Predatory money lending reportedly continues to flourish on Chinese campuses despite a national crackdown. Photo: Reuters
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